Kenya says Japan will extend $169 million in Samurai financing

Japan will provide up to ¥25-billion ($169.42-million) in Samurai bond financing to Kenya, the East African country’s foreign minister Musalia Mudavadi said on Thursday. “This facility will strengthen our local vehicle assembly and parts manufacturing industry while also addressing electricity transmission and distribution losses, currently standing at about 23% of our national output,” Mudavadi said in a post on X.